...cker catching up diminishes exponentially as subsequent blocks are added.

To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-w ork difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases.

**5. Network**

> The steps to run the network are as follows:

read full book
block explorer
To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-w ork difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases.

> The steps to run the network are as follows:

- New transactions are broadcast to all nodes.
- Each node collects new transactions into a block.
- Each node works...